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Net Income (Loss) Per Share of Common Stock (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share of Common Stock

The following tables set forth the computation of basic and diluted net income (loss) per share of common stock (in thousands, except per share data):

 

 

 

Three Months Ended

March 31,

 

 

 

2019

 

 

 

Class A

 

BASIC AND DILUTED:

 

 

 

 

Net income (loss) attributable to common stockholders

 

$

(128,828

)

Weighted-average common shares outstanding

 

 

926,230

 

Net income (loss) per share attributable to common stockholders

 

$

(0.14

)

 

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

 

Class

 

 

Class

 

 

Class

 

 

 

A

 

 

B

 

 

C

 

BASIC:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common

   stockholders – basic

 

$

5,047

 

 

$

430

 

 

$

132

 

Weighted-average common shares

   outstanding – basic

 

 

782,370

 

 

 

66,740

 

 

 

20,517

 

Net income (loss) per share attributable to

   common stockholders – basic

 

$

0.01

 

 

$

0.01

 

 

$

0.01

 

DILUTED:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common

   stockholders – basic

 

$

5,047

 

 

$

430

 

 

$

132

 

Reallocation of net income (loss) as a result of

   conversion of Class C shares to Class A shares

 

 

132

 

 

 

 

 

 

 

Reallocation of net income (loss) as a result of

   conversion of Class B shares to Class A shares

 

 

430

 

 

 

 

 

 

 

Reallocation of net income (loss) to Class B and

   Class C shares

 

 

 

 

 

41

 

 

 

(3

)

Net income (loss) attributable to common

   stockholders – diluted

 

$

5,609

 

 

$

471

 

 

$

129

 

Weighted-average common shares

   outstanding – basic

 

 

782,370

 

 

 

66,740

 

 

 

20,517

 

Conversion of Class C to Class A common

   shares outstanding

 

 

20,517

 

 

 

 

 

 

 

Conversion of Class B to Class A common

   shares outstanding

 

 

66,740

 

 

 

 

 

 

 

Weighted-average effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and employee stock purchase

   plan

 

 

10,166

 

 

 

8,296

 

 

 

 

ZSUs

 

 

12,605

 

 

 

 

 

 

 

Performance-based ZSUs

 

 

1,376

 

 

 

 

 

 

 

Weighted-average common shares

   outstanding – diluted

 

 

893,774

 

 

 

75,036

 

 

 

20,517

 

Net income (loss) per share attributable to

   common stockholders – diluted

 

$

0.01

 

 

$

0.01

 

 

$

0.01

 

 

Shares excluded from Computation of Diluted Net Income (Loss) per Share

The following weighted-average equity awards were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Stock options and employee stock purchase plan

 

 

36,713

 

 

 

7,374

 

ZSUs

 

 

50,298

 

 

 

3,042

 

Total

 

 

87,011

 

 

 

10,416